Proposed Rule2021-22826
Risk Weighting of High Volatility Commercial Real Estate (HVCRE) Exposures
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 20, 2021
Effective
August 26, 2021
Issuing agencies
Farm Credit Administration
Abstract
The Farm Credit Administration (FCA or we) is extending the comment period on its proposed rule that would revise the regulatory capital requirements for Farm Credit System (FCS or System) institutions to define and establish a risk-weight for high volatility commercial real estate (HVCRE) exposures. FCA is extending the comment period for an additional 61 days, until January 24, 2022, so interested parties will have additional time to provide comments on the proposed rule.
Full Text
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<title>Federal Register, Volume 86 Issue 200 (Wednesday, October 20, 2021)</title>
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[Federal Register Volume 86, Number 200 (Wednesday, October 20, 2021)]
[Proposed Rules]
[Page 58042]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-22826]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 86, No. 200 / Wednesday, October 20, 2021 /
Proposed Rules
[[Page 58042]]
FARM CREDIT ADMINISTRATION
12 CFR Part 628
RIN 3052-AD42
Risk Weighting of High Volatility Commercial Real Estate (HVCRE)
Exposures
AGENCY: Farm Credit Administration.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: The Farm Credit Administration (FCA or we) is extending the
comment period on its proposed rule that would revise the regulatory
capital requirements for Farm Credit System (FCS or System)
institutions to define and establish a risk-weight for high volatility
commercial real estate (HVCRE) exposures. FCA is extending the comment
period for an additional 61 days, until January 24, 2022, so interested
parties will have additional time to provide comments on the proposed
rule.
DATES: The comment period for the proposed rule published on August 26,
2021 (86 FR 47601) is extended from November 24, 2021, to January 24,
2022.
ADDRESSES: For accuracy and efficiency reasons, please submit comments
by email or through FCA's website. We do not accept comments submitted
by facsimiles (fax), as faxes are difficult for us to process and
achieve compliance with section 508 of the Rehabilitation Act of 1973.
Please do not submit your comment multiple times via different methods.
You may submit comments by any of the following methods:
<bullet> Email: Send us an email at <a href="/cdn-cgi/l/email-protection#96e4f3f1bbf5f9fbfbd6f0f5f7b8f1f9e0"><span class="__cf_email__" data-cfemail="631106044e000c0e0e230500024d040c15">[email protected]</span></a>.
<bullet> FCA website: <a href="http://www.fca.gov">http://www.fca.gov</a>. Click inside the ``I want
to . . .'' field near the top of the page; select ``comment on a
pending regulation'' from the dropdown menu; and click ``Go.'' This
takes you to an electronic public comment form.
<bullet> Mail: Kevin J. Kramp, Director, Office of Regulatory
Policy, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA
22102-5090.
You may review copies of comments we receive on our website at
<a href="http://www.fca.gov">http://www.fca.gov</a>. Once you are on the website, click inside the ``I
want to . . .'' field near the top of the page; select ``find comments
on a pending regulation'' from the dropdown menu; and click ``Go.''
This will take you to the Comment Letters page where you can select the
regulation for which you would like to read the public comments.
We will show your comments as submitted, including any supporting
data provided, but for technical reasons we may omit items such as
logos and special characters. Identifying information that you provide,
such as phone numbers and addresses, will be publicly available.
However, we will attempt to remove email addresses to help reduce
internet spam. You may also review comments at our office in McLean,
Virginia. Please call us at (703) 883-4056 or email us at <a href="/cdn-cgi/l/email-protection#493b2c2e642a262424092f2a28672e263f"><span class="__cf_email__" data-cfemail="f1839496dc929e9c9cb1979290df969e87">[email protected]</span></a> to make an appointment.
FOR FURTHER INFORMATION CONTACT:
Technical information: Ryan Leist, <a href="/cdn-cgi/l/email-protection#9ed2fbf7edeaccdef8fdffb0f9f1e8"><span class="__cf_email__" data-cfemail="38745d514b4c6a785e5b59165f574e">[email protected]</span></a>, Senior
Accountant, or Jeremy R. Edelstein, <a href="/cdn-cgi/l/email-protection#763312131a0502131f183c3610151758111900"><span class="__cf_email__" data-cfemail="9bdefffef7e8effef2f5d1dbfdf8fab5fcf4ed">[email protected]</span></a>, Associate
Director, Finance and Capital Markets Team, Office of Regulatory
Policy, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4414, TTY (703) 883-4056, or <a href="/cdn-cgi/l/email-protection#8ec1dcdec3efe7e2ece1f6cee8edefa0e9e1f8"><span class="__cf_email__" data-cfemail="ade2fffde0ccc4c1cfc2d5edcbcecc83cac2db">[email protected]</span></a>; or Legal information:
Jennifer A. Cohn, <a href="/cdn-cgi/l/email-protection#6c2f030402262c0a0f0d420b031a"><span class="__cf_email__" data-cfemail="793a16111733391f1a18571e160f">[email protected]</span></a>, Assistant General Counsel, Office of
General Counsel, Farm Credit Administration, McLean, VA 22102-5090,
(720) 213-0440, TTY (703) 883-4056.
SUPPLEMENTARY INFORMATION: On August 26, 2021, FCA published a proposed
rule in the Federal Register that would update FCA's regulatory capital
requirements to reflect the increased risks that exposures to certain
acquisition, development or construction loans pose to System
institutions. The proposed rule would also ensure that the System's
capital requirements are comparable to the Basel III framework and the
standardized approach the Federal banking regulatory agencies have
adopted, with deviations as appropriate to accommodate the different
operational and credit considerations of the System.
The comment period is currently scheduled to close on November 24,
2021. See 86 FR 47601. FCA is extending the comment period for an
additional 61 days, until January 24, 2022, so interested parties will
have additional time to provide comments on the proposed rule in
consideration of other rulemakings that are also open for public
comment.
Dated: October 15, 2021.
Dale Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2021-22826 Filed 10-19-21; 8:45 am]
BILLING CODE 6705-01-P
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